>>> Up
*AB FOODS RAISED TO BUY VS HOLD AT BERENBERG
*ACERINOX RAISED TO BUY VS SELL VS GOLDMAN
*ARCELORMITTAL REMOVED FROM GOLDMAN CONVICTION LIST; STAYS BUY
*BAT RAISED TO BUY VS SELL AT GOLDMAN, ADDED TO CONVICTION LIST
*BT GROUP RAISED TO NEUTRAL VS UNDERPERFORM AT MACQUARIE
*COM HEM RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*DIAGEO RAISED TO NEUTRAL VS SELL AT GOLDMAN
*DNB ASA RAISED TO SECTOR PERFORM AT RBC CAPITAL
*ENLINK MIDSTREAM LLC RAISED TO ’NEUTRAL’ AT ROBERT BAIRD
*FCA CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
*G4S RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*INCHCAPE RAISED TO BUY AT CITI
*LEGRAND RAISED TO ’OVERWEIGHT’ AT BARCLAYS
*OUTOKUMPU RAISED TO NEUTRAL VS SELL AT GOLDMAN
*RIO TINTO RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*RWE RAISED TO BUY VS HOLD AT SOCIETE GENERALE
*SWEDBANK RAISED TO OUTPERFORM VS SECTOR PERFORM AT RBC
*SWISS RE RAISED TO MARKET PERFORM VS UNDERPERFORM AT KBW
*VALORA RAISED TO BUY AT BAADER-HELVEA
*ZURICH INSURANCE RAISED TO OUTPERFORM VS MARKET PERFORM AT KBW
>>> Down
*AEGON CUT TO NEUTRAL AT JPMORGAN
*BABCOCK CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*BOOHOO CUT TO NEUTRAL AT CITI
*CAPITA CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*CNP CUT TO UNDERPERFORM VS MARKET PERFORM AT KBW
*CREDIT SUISSE CUT TO SECTOR PERFORM AT RBC CAPITAL
*CYBG PLC CUT TO UNDERPERFORM AT RBC CAPITAL
*DEBENHAMS CUT TO NEUTRAL AT CITI
*EASYJET CUT TO HOLD FROM BUY AT LIBERUM; PT 1050P
*GENERALI CUT TO UNDERPERFORM VS MARKET PERFORM AT KBW
*GFK CUT TO HOLD AT HSBC
*HALFORDS CUT TO SELL AT CITI
*IAG CUT TO HOLD VS BUY AT LIBERUM
*IPSOS CUT TO HOLD AT HSBC
*KINGFISHER CUT TO SELL AT CITI
*KLOECKNER CUT TO SELL VS BUY AT GOLDMAN
*NEXT CUT TO NEUTRAL AT CITI
*POUNDLAND CUT TO NEUTRAL AT CITI
*REXEL CUT TO ’EQUALWEIGHT’ AT BARCLAYS
*SALZGITTER CUT TO SELL VS BUY AT GOLDMAN
*SCHNEIDER ELECTRIC CUT TO UNDERWEIGHT AT BARCLAYS
*UBS CUT TO UNDERPERFORM AT RBC CAPITAL
>>> PT Change
>>> Initiation
*ASR NEDERLAND NV RATED NEW UNDERWEIGHT AT JPMORGAN
*BALDER RATED NEW HOLD AT DNB, PT SEK220
*HANNOVER RUECK RATED NEW UNDERPERFORM AT MACQUARIE
*KORIAN RATED NEW HOLD AT BERENBERG, PT EU29
*MUNICH RE RATED NEW NEUTRAL AT MACQUARIE
*SCOR SE RATED NEW OUTPERFORM AT MACQUARIE
*SWISS RE RATED NEW OUTPERFORM AT MACQUARIE
*SIXT RATED NEW BUY AT BERENBERG, PT EU59.5
*UBI REINSTATED AT HOLD AT FIDENTIIS; VALUATION RANGE EU3.80/EU4
*WALLENSTAM RATED NEW HOLD AT DNB, PT SEK70
>>> Call
>> Stock
*ARCELORMITTAL REMOVED FROM GOLDMAN CONVICTION LIST; STAYS BUY
*EASYJET REMOVED FROM CONVICTION LIST AT GOLDMAN; STAYS BUY
*LLOYDS, DEUTSCHE BANK EXIT ANALYST FOCUS LIST AT JPMORGAN